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☆ A boomer left Florida to live on a sailboat on the French Riviera. He says it's cheaper and calmer than the US.
▼ + stars: | 2024-08-09 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

Doug, 68, has worked for the last 40 years as a computer consultant — the last three from his sailboat traversing Europe. They now live on their boat on the French Riviera, which Doug said is cheaper than living in the US. He decided to buy a sailboat and sailed to Fort Lauderdale shortly after 9/11, where Doug continued to work with Fortune 500 clients. Settling on the French RivieraThey sailed for France the following April, stopping in countries such as Malta and Tunisia. Six months later, they settled in Port Grimaud on the French Riviera, where they paid $15,000 a year in marina costs in "rent."

Persons: He's, Doug, he's, We'll, we're Organizations: Service, Business, Michelin, Fortune, America, Port Montenegro Locations: California , Texas , Indiana, Massachusetts, Provence, Italy, Boston, California, Dallas, Indianapolis, Maine, New England, Fort Lauderdale, Florida, Caribbean, Europe, South America, Genoa, Dubrovnik, Croatia, Corsica, France, Elba, Sardinia, Sicily, Bari, London, Istanbul, Vienna, Budapest, Hungary, Port, Tivat, Montenegro, Cairo, Athens, Greece, Malta, Tunisia, Port Grimaud, Grimaud, Saint, Majorca, Spain, Lisbon, Portugal, Beijing, Shanghai, Xian, China

☆ Gen Z isn't impressed by Tesla cars. That should worry Elon Musk.
▼ + stars: | 2024-08-09 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

A recent survey of Morgan Stanley's 2024 interns found that the "Tesla 'cool factor' is cooling" among Gen Zers in the US. Despite competition in the EV market becoming stiffer than ever, Tesla has not majorly refreshed its aging car models in years. AdvertisementInstead, Musk has been pivoting Tesla's future toward robo-taxis, but Gen Z doesn't seem interested. Robo-taxis will likely not be Tesla's saving grace, as 51% of Gen Z interns surveyed said they thought owning or leasing a car would still be necessary by 2030. AdvertisementAnd, for the Gen Z interns surveyed, it probably won't be an EV at all.

Persons: —, Morgan Stanley's, Zers, Morgan Stanley, Mercedes, Ivan Drury, Elon Musk, Drury, Gen Zers, Tesla, Musk, Z Organizations: Service, BMW, Business, EV, McKinsey Locations: Edmunds, Ukraine

☆ My husband and I met while training for triathlons. Our marriage is stronger for it.
▼ + stars: | 2024-08-08 | by ( Lauren Gumpert | ) www.businessinsider.com time to read: +5 min

In a fitting end to my athletic career, my husband and I got married after competing together on the college triathlon team. As our family continues to grow and change, we maintain a team-oriented approach that strengthens our bond in several ways. We continue to practice and improveSince we're still pretty new to the parenting game, we don't have much training under our belts. But hard things become easier with practice, something that my husband and I understand after years of athletics. Back when we were competing, my husband and I devoted extra time to our mental and physical well-being.

Persons: Thomas, it's, We've, he'll, we'll Organizations: Service Locations: LSU's

☆ I moved from the US to Spain, where life is more affordable and relaxed. I finally feel like I belong.
▼ + stars: | 2024-08-08 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +9 min

I always say that that trip to Spain was my Goldilocks moment: I finally found where I belonged. It took years before I moved to SpainIn my 20s, I didn't see a clear path to living in Spain. AdvertisementAt 26, I moved to Spain to teach English for a year but then returned to Texas. AdvertisementBecoming a citizen felt like a major achievement because I had dreamed of living in Spain since I was 21. Courtesy of Cepee TabibianI would say I adapted pretty quickly to living in Spain since I had visited in the past.

Persons: —, Cepee Tabibian, I'm, I've, it's, It's Organizations: Service, Business, New, Facebook, Lake Como Locations: Houston, Spain, Europe, Texas, Netherlands, Madrid, America, Tabibian, Marbella, Austin, Malaga, New York City, Berlin, London, Paris, Barcelona, Valencia, €, Spanish, Canada, Lake, Italy

☆ Jobs Report Shows the Labor Market Is in Danger, Recession Possible
▼ + stars: | 2024-08-07 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

The jobs report said the US economy added 114,000 jobs in July, far fewer than the 176,000 jobs that economists expected. The weakness of the jobs report tipped the worry scale and sent markets into meltdown mode. Outside the July jobs report, there were plenty of signs the labor market was cooling off. If that seems confusing, here's the only thing you really need to know: The July jobs report triggered the Sahm rule. Nobody should be losing a ton of sleep over the state of the labor market or over the economy overall.

Persons: it's, Guy Berger, doesn't, Skanda Amarnath, there's, what's, Claudia Sahm, we're, Amarnath, Alí Bustamante, Bustamante, would've, it'll, Jay Powell, Berger, Emily Stewart Organizations: Federal Reserve, Glass, Labor, Survey, New Century Advisors, Worker Power, Economic Security, Roosevelt Institute, Fed, Business

☆ JD Vance said migrants are the reason it's so expensive to rent or buy homes. He's wrong.
▼ + stars: | 2024-08-07 | by ( Alcynna Lloyd | Eliza Relman | ) www.businessinsider.com time to read: +5 min

With ongoing affordability challenges exacerbated by high interest rates and inflated home values, housing is a major concern for Americans across the political spectrum. "When I talk to Americans, one of the biggest concerns I hear is, 'Why are housing costs so high?' In the past, Vance has blamed the housing affordability crisis largely on high interest rates. Many economists disagree with Vance's argument about the source of the housing affordability crisis and his solution to it. They've also blamed the current administration for relatively high interest rates, which are determined by the independent Federal Reserve and designed to control inflation.

Persons: —, JD Vance, Vance, Sean Hannity, Kamala Harris, Daryl Fairweather, Fairweather, hasn't, Ned Davis, There's, Donald Trump's, Biden, Harris, They've Organizations: Service, Fox News, Republican, Business, Federal Reserve, Ned Davis Research, Trump Locations: Ukraine

☆ An Italian scientist started eating like an American and saw his blood sugar and cholesterol skyrocket. A simple diet helped him reverse the damage.
▼ + stars: | 2024-08-07 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Longo went with what was easiest, consuming all the same things his American relatives and friends were eating. He was startled to discover he'd developed both high cholesterol and high blood pressure at a "very young" age, he said. Longo believes fasting can also propel an important cellular cleanup process in the body, called autophagy. And he says you don't have to spend a bundle of cash at trendy organic markets to make this diet work.

Persons: —, Valter Longo, Jimi Hendrix, Longo, Alan Weissman, they're, weren't, he'd, Fortuitously, Longo's, Feng Wei, Roy Walford, Monica Bertolazzi, it's Organizations: Service, Business, gerontology, University of Southern, UCLA, University of Southern California Longevity Institute Locations: America, Genoa, Texas, University of Southern California, Los Angeles, Italy, Longo's, United States

☆ Olympic organizers gambled big on a dangerous surf spot and emerged golden
▼ + stars: | 2024-08-06 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +5 min

Olympic organizers made a big bet in holding the 2024 Paris Olympics surfing competition at an ominous location in French Polynesia nearly 10,000 miles from Paris, with pretty much no space for spectators. Despite reef-inflicted injuries and moments when the location was questioned as just too dangerous, it would be hard to conclude Teahupo'o didn't provide its own golden moments. The U.S.' John John Florence, the world's top-ranked professional surfer, was eliminated in the third round by Australia's Jack Robinson, who took silver. Marks took gold in a lip-bashing final heat that could have gone either way. Neither Marks nor Brazil's Tatiana Weston-Webb gave an inch during the heat, and Marks earned gold by one-tenth of a point.

Persons: Caroline Marks, Kauli Vaast —, Brazil's Gabriel Medina, John John Florence, Australia's Jack Robinson, Clarissa Moore, Johanne Defay, Moore, “, don’t, ” Moore, Vaast, Robinson, Marks, Brazil's Tatiana Weston, Webb, Teahupo'o, Colin Jost's, Jost, Teahupo'o's, Duke Kahanamoku Organizations: Team France, U.S, France, NBC, Olympics, Games, Angeles Olympics Locations: Polynesia, Paris, U.S, Tahiti, French Polynesia, France, Australia, Vaast, , California, Southern California

☆ Prosecutors used an AI tool to send a man to prison for life. Now the person who created it is under investigation.
▼ + stars: | 2024-08-06 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +18 min

But prosecutors had no direct evidence tying Black to the location of the murder, an Ohio appellate court later said. In many cases, prosecutors themselves don't even have access to the source code and haven't reviewed the underlying technology. Back in Akron, the judge in Rankin's case ordered the Cybercheck evidence excluded after prosecutors failed to turn over the source code. The Summit County Prosecutor's Office declined to comment when reached by BI. It's unclear how many others may be behind bars because of Cybercheck evidence that was never rigorously scrutinized.

Persons: Adarus Black, Black, Na'Kia Crawford, Crawford, Adam Mosher, Mosher, Cybercheck, Chris Ramsey, It's, That's, Donald Malarcik, Summit County who've, Javion Rankin, Tyraye Carter, Rankin, Malarcik, Eric Zale, Zale, Mr, Shara Munn, she'd, Freiheit, Meghan, Breck, Roesch, weren't, They've, who's, isn't, Phillip Mendoza, Kimberly Thompson, Brian James, Tyree Halsell, Mendoza, Mosher's, Steve Michniak, Michinaik, William Holland, Brian Stano, Katherine Long, Jack Newsham Organizations: Business, NBC News, Cybercheck, Prosecutors, Police, Fleming College, Technicians, Akron Police Department, University of Saskatchewan, Summit, Prosecutor's, BI Locations: America, Akron , Ohio, Ohio, Colorado , New York, Florida, New York, Philadelphia, Houston, Denver, Akron, Summit County , Ohio, Canada, Toronto, Summit County, Boulder , Colorado, New Brunswick, Calgary, Colorado, Nevada, Pennsylvania, Colorado , Ohio, East Akron , Ohio, Summit, Portage County, Lake Erie

☆ We're trimming a defensive stock that is serving its purpose in the portfolio
▼ + stars: | 2024-08-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following the trade, Jim Cramer's Charitable Trust will own 400 shares of PG, decreasing its weighting in the portfolio to 2.15% from 2.4%. Ever since earnings, P & G has stormed back despite the market volatility. The move here has been based on investors buying quality safety stocks like P & G out of fear of a growth scare in the U.S. economy. We always say there's room in any portfolio for a defensive dividend aristocrat like Procter & Gamble, and the market's recent stretch of turbulence proved its purpose. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, we've, Procter, Jim Cramer, Jim Organizations: Procter, Gamble, CNBC Locations: U.S

☆ Federal safety hearing over 737 Max blowout puts Boeing, Spirit AeroSystems factories in spotlight
▼ + stars: | 2024-08-06 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Jennifer Homendy, Chair of the National Transportation Safety Board, speaks during investigative hearing, into the blowout of a left mid exit door plug on a Boeing 737-9 MAX during Alaska Airlines Flight 1282 flight on January 5, 2024, at the National Transportation Safety Board headquarters in Washington D.C. United States on August 6, 2024. (Photo by Bryan Olin Dozier/Anadolu via Getty Images)A Boeing safety executive told a federal safety hearing on Tuesday that the company is working on design changes to avoid a repeat of the near catastrophic blowout of a door plug from a practically new 737 Max 9 at the start of the year. The National Transportation Safety Board — the body in charge of aviation accident investigations in the U.S. — released more than 3,000 pages of documents ahead its full two-day hearing about Flight 1282, including interviews with employees at Boeing and its beleaguered fuselage maker Spirit AeroSystems , some of which pointed to rework. "I just want a word of caution here, this is not a PR campaign for Boeing," NTSB Chair Jennifer Homendy said. Bolts that were meant to hold the door in place weren't attached, according to preliminary investigation results.

Persons: Jennifer Homendy, Bryan Olin Dozier, —, Jan, weren't, Elizabeth Lund, Lund Organizations: National Transportation Safety Board, Boeing, Alaska Airlines, National Transportation Safety, Washington D.C, Anadolu, Getty, National Transportation Locations: Washington, United States, U.S

☆ People online are joking about why they weren't chosen for the Olympic team in new viral trend
▼ + stars: | 2024-08-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Kahlan-Rosenblatt.Jpg | Kalhan Rosenblatt | ) www.nbcnews.com time to read: +2 min

Many athletes are living out their Olympic dreams in Paris — while others on TikTok are showing off why they didn't make the cut. More than 250,000 people have used the audio as of Monday afternoon, though not all videos are linked to the trend itself. One of the more popular videos demonstrating the trend has been viewed more than 85 million times. The 2024 Paris Olympics have been rife with viral moments, with many at home watching the Games while also posting obsessively on social media. But instead of landing on her feet as intended, she lands on her knees, causing her to burst out laughing.

Persons: Paris —, ”, would’ve, Simone Biles, Jennifer Garner, Garner Organizations: American, Team USA, Paris Locations: Paris

Understanding Insurance Rate Increases After an AccidentWhy Rates IncreaseCar insurance rates may increase after an "at fault" accident because your risk profile goes up, meaning you're more likely to file a claim. Average Car Insurance Increase After an AccidentNational AverageInsurance.com reports that insurance rates can increase up to 53% or $920 per year on average after one at fault accident. Add Car Insurance Accident ForgivenessSome insurance companies offer accident forgiveness, usually as an add-on to your policy for an extra premium. Car Insurance Rate Increase FAQWill my insurance go up after an accident that wasn't my fault? She’s reviewed life insurance and pet insurance companies and has written numerous explainers on travel insurance, credit, debt, and home insurance.

Persons: Felipe Teixeira, you've, they'll, Alani Asis Alani Asis, Forbes, She’s, Read Organizations: Accident, Auto, Insurance, Alaska, Alabama, Arizona, Colorado, Washington D.C, Iowa, Indiana, Maryland, Michigan, Nebraska, Tennessee, Texas, Washington, Lower, Business, AARP, CNN, Fortune, U.S . News, Finance, University of Hawaii Locations: Arkansas, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Kansas, Kentucky, Louisiana, Maine, Minnesota, Missouri, Mississippi, Montana, Carolina, Dakota, Hampshire, Jersey, Mexico, Nevada, York, Ohio, Oregon, Utah, Virginia, Vermont, Wisconsin, Wyoming, U.S, Manoa

☆ After 8 years of van life, they were ready to settle down. They bought an abandoned watermill in Portugal to turn into a family home.
▼ + stars: | 2024-08-05 | by ( Amanda Goh | ) www.businessinsider.com time to read: +11 min

Mr and Mrs AdventureAfter returning to the US in 2018, they continued with van life until mid-2020, when they started thinking about settling down. AdvertisementThe first property they viewed was an abandoned watermill in the Algarve, Portugal's southernmost region, and they were immediately smitten. While they're relying on solar energy in their camper, they plan to connect the watermill property to the grid in the future. This watermill project, we have to have other people involved," Drew said. Mr and Mrs AdventureNow, Drew added, even the bathroom in the watermill is about the size of their van.

Persons: —, Brittany, Drew Neumann, Adventure, van, Drew, they're, they've, We're, Ian —, I've Organizations: Service, Business, YouTube Locations: North America, Europe, Africa, Hawaii, Northern California, Arizona, Portugal, Brittany, Algarve, Portugal's, Fort Myers , Florida

☆ Meet Michal Kosinski, the Oppenheimer of AI's Scariest Future
▼ + stars: | 2024-08-05 | by ( Adam Rogers | ) www.businessinsider.com time to read: +20 min

Eugenicists used photographs and IQ tests to determine which people were "inferior," and sterilized those who didn't measure up — which usually turned out to be anyone who wasn't white and rich. Before he worked with photographs, Kosinski was interested in Facebook. It's just picking up on the way gay people present themselves on dating sites — which, not surprisingly, is often very different from the way straight people present themselves to potential partners. Kosinski thinks AI's ability to make the kind of personality judgments he studies will only get better. That is the future Kosinski fears — even as he continues to tinker with the very models that prove it will come to pass.

Persons: Michal Kosinski, Kosinski, I'm, they'd, isn't, Oppenheimer, David Stillwell, Stillwell, aren't, Brian Stauffer, Aleksandr Kogan, Donald Trump, —, Kosinski isn't, MAGA, Bernie bros, Alexander Todorov, It's, they've, — Francis Galton, Ronald Fisher, Karl Pearson —, Aubrey Clayton, Hitler, Trump, They're, Adam Rogers Organizations: Stanford University, Kosinski, Facebook, Cambridge, Cambridge Psychometrics, National Academy of Sciences, Psychometrics, BI, intuit, Guardian, Rights, GLAAD, Stanford, HRC, University of Chicago, US Supreme, tinker, Business Locations: California, Stanford, Kosinski, Russia

☆ When I was a kid, I moved every few months. Now that I'm a parent, I focus on creating stability for my family.
▼ + stars: | 2024-08-05 | by ( Tiffany Nieslanik | ) www.businessinsider.com time to read: +5 min

There weren't any specific reasons for most of the moves; we weren't a military family or moving due to work. As a parent, I focus on creating routines and stabilityWhen I became a parent, I read about the benefits of routines for children and the security that familiarity provides. As they have grown, we have built family rituals such as Friday Family Night, where we take turns deciding what to do as a group. These all add another layer of predictability to their lives and give our kids a sense of family identity and belonging. But I hope that the scaffolding of predictable routines and rituals as a foundation in their lives will give them the support they need to handle big changes when they arise.

Organizations: Service Locations: Illinois, Tennessee, Georgia, Southern, friendless, Amsterdam

☆ Some top brokerages reportedly go down as the market tanks
▼ + stars: | 2024-08-05 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Top brokerages had some outages on Monday morning, according to Downdetector. Fidelity told Business Insider that the issues had been resolved. Go to newsletter preferences Thanks for signing up! AdvertisementSome top brokerage firms were hit by online outages Monday as the global market continued its melt down, according to user reports. This story is available exclusively to Business Insider subscribers.

Persons: —, Charles Schwab Organizations: Fidelity, Business, Service, Vanguard, Interactive

☆ Miss USA vs. Miss America: How to tell the difference between the two biggest pageants
▼ + stars: | 2024-08-05 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +9 min

Read previewDo you know the difference between Miss USA and Miss America? From eligibility requirements and prize packages to swimsuit versus talent competitions, here are all the differences between Miss America and Miss USA. How did the Miss America and Miss USA pageants begin? Unlike Miss USA, Miss America features a talent competition. Both the Miss USA and Miss America pageants have had their share of scandals in recent years.

Persons: —, Margaret Gorman, weren't, Jackie Loughery, Yolande Betbeze, Kuusela, It's, Grace Stanke, Camille Schrier, Madison Marsh, Robin Fleming, Marsh, Laylah Rose, Rose, Kate Michael, Jae, Miss America, Sam Haskell, Mallory Hagan, Haskell, Hagan, Isaac Brekken Haskell, Gretchen Carlson, Carlson, Cara Mund, Mund, Crystle Stewart, Stewart, Miss USA Noelia Voigt, Miss Teen USA UmaSofia Srivastava, Jackeline Voigt, Barbara Srivastava, UmaSofia Srivastava, Noelia Voigt, Craig Barritt, Voigt, Srivastava, Miss Colorado Arianna Lemus, Stephanie Skinner, Paula Miles, Kimberly Nicewonder —, Barbara Srivastava's Organizations: Service, Miss USA, Miss America, Business, Miss, Atlantic City, Labor, Miss Washington DC, CBS, Getty Images Miss, Miss Universe, Nine, Miss America's, Miss Teen, AP, University of Alabama, Miss USA Organization, Miss America Organization, Huffington, Associated Press, Fox News, Miss Universe Organization, Miss Teen USA, CW Network Locations: Atlantic, Getty Images Miss USA, Finland, Miss USA, Miss America, New York, Los Angeles

☆ Using a 'bear put spread' to hedge against further market declines
▼ + stars: | 2024-08-05 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

The S & P 500 5,350 puts I discussed are trading nearly $170 as I write this, up ~ $12,000 per contract. This is even though the S & P 500 is down only 2.3% since I wrote that article over a month ago. One could roll those options down and out to the September 5200/4500 S & P 500 put spread which costs about $100. If you didn't read the earlier article, here are the components of a long put spread, sometimes referred to as a "Bear Put Spread." In periods of high implied volatility, option premiums are generally higher because the market anticipates larger price movements.

Persons: It's, Joe Biden, Kamala Harris, it's, Trump Organizations: Starbucks, CNBC, NBC UNIVERSAL, ~ $, & $ $

☆ 'House of the Dragon' director says she 'couldn't sleep' thinking about how to film Daemon's game-changing finale vision
▼ + stars: | 2024-08-05 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +13 min

By the season finale, Alicent Hightower (Olivia Cooke) knows that she has no allies left in King's Landing. "Every time I'm in a scene like Rhaenyra and Alicent, I'm thinking about the war zone," she said. Matt Smith and Emma D'Arcy as Daemon and Rhaenyra Targaryen in the season two finale of "House of the Dragon." AdvertisementDaenerys Targaryen briefly appears in Daemon's vision in the season two finale of "House of the Dragon." What I love about the way Sara particularly wrote the season finale is that she grounded it in relationships.

Persons: Alicent Hightower, Olivia Cooke, Emma D'Arcy, Alicent, Rhaenyra, It's, —, Geeta Vasant Patel, Patel, Daenerys —, Matt Smith, Daemon, Liam Daniel, HBO You've, Emma, Olivia, Ryan, Sara, Hess, HBO Olivia, Catherine Goldschmidt, Ollie Upton, they'd, I'm, you've, Daemon Targaryen, Sarah, I've, there's, Matt, Daenerys Targaryen, Prince, Daenerys Organizations: Service, HBO Locations: King's, Rhaenyra, Harrenhal

☆ Stop Trying to Optimize Everything; Key to Happiness Is Being Average
▼ + stars: | 2024-08-04 | by ( Emily Stewart | ) www.businessinsider.com time to read: +13 min

The laws of capitalism say we have to constantly be on the move — work hard, play hard, consume hard, rinse and repeat. In an age where you're supposed to optimize everything, maybe it's fine to just be … fine. "You really do need to work hard and earn a lot (or inherit a lot) to live in decent material conditions in these contexts," he said. Related storiesAs the old saying goes, money doesn't equal happiness (though I have a hard time believing it doesn't help). "There's a hell of a lot of people who are really going to be normal or average, ordinary.

Persons: Thomas Curran, we're, Curran, Avram Alpert, Alpert, Barry Schwartz, Swarthmore College who's, Schwartz, Nathan Cheek, We're, doesn't, influencers, You've, Taylor Swift, Kelly Goldsmith, Jamie Ducharme, Goldsmith, they've, —, isn't, it's, Beyoncé, Emily Stewart Organizations: London School of Economics, Swarthmore College, Purdue, YouTube, Vanderbilt University, American Psychological Association, Ivy League ., Business Locations: America, Greece

☆ A Gen Xer who 'retired' at 45 shares how the FIRE movement and side hustles helped him grow his savings to over $6 million
▼ + stars: | 2024-08-04 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

I stopped spending money on things that weren't of value to me." Side hustles and investing in retirement can boost one's savingsOver the past decade, Grumet has padded his savings through various income streams. In addition to hospice work, he's also tried side hustles that include medical expert work, nursing home medical directing, medical blogging, and several forms of consulting. While the extra income has helped boost his savings, Grumet said investing much of this income into the stock market — and seeing strong investment returns — is what's allowed his finances to truly blossom. Grumet said his retirement goal was to have at least 25 times his total annual spending in savings — he's already met this milestone.

Persons: —, Jordan Grumet, Grumet, who's, he's Organizations: Service, Business, BI, FIRE Locations: Illinois

☆ Joe Biden Stepped Aside. a Lot of Aging CEOs Should Do the Same.
▼ + stars: | 2024-08-04 | by ( Rob Price | ) www.businessinsider.com time to read: +13 min

Less discussed, however, is a parallel crisis in corporate America: a wave of aging business leaders who refuse to step aside. The average retirement age is similarly increasing: to 62 in 2024 from 57 in 1991. Using public data from 1992 to 2018, they assessed the relationship between a CEO's age and their "managerial ability," as measured by how they turned company resources into revenue and profit. "A 10% increase in CEO age is associated with a 1.9% decrease in managerial ability," they wrote. And older workers, both above and below the traditional retirement age, already face unwarranted discrimination in the workplace.

Persons: who'd, Joe Biden's, Donald Trump, Ruth Bader Ginsburg, Sen, Dianne Feinstein, It's, Rosemond Desir, Scott Seavey, Seavey, what's, Mark Fisher, Sumner Redstone, —, David Ekerdt, Olivia S, Mitchell, Desir, Warren Buffett, Rupert Murdoch, Fisher, Biden imbroglio, they're Organizations: Business, Supreme, California, Florida Atlantic University, University of California, CBS, Viacom, Barclays, gerontology, University of Kansas, Wharton, Chevron, Caterpillar, Berkshire Hathaway, News Corp Locations: America, Irvine, Southern California, United, Berkshire

☆ Assigned desks are now a work perk — and Gen Zers are making themselves right at home
▼ + stars: | 2024-08-03 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +7 min

Read previewWhen Maïa Maury, 25, started a new job in the US, she was happy to find that it came with her own assigned desk. AdvertisementWhile an assigned desk used to be a given in an office, the pandemic ushered in an era of hot desking and working from home. Now, cubicles and assigned office desks are more of a novelty, meaning those lucky few who get one are sometimes keen to make the most of it. AdvertisementAnother Gen Zer, Zernab Saeed, wanted to make the most of having a personal office desk in her first job out of college. Many companies are still shifting toward reducing office space, leaving fewer opportunities for people to enjoy having their own desks.

Persons: —, Maïa Maury, who'd, hoover, Maury, Zernab Saeed, Zernab, Zernab Saeed Saeed, she's, there's, Caitlin Turner, HOK, Turner, Gen Zers, Gen, it's, Leonora Georgeoglou Organizations: Service, Business Locations: French

☆ Susan Sarandon on Her Best Movie Roles: 'Rocky Horror,' 'Thelma & Louise'
▼ + stars: | 2024-08-03 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +11 min

Advertisement"It wasn't the kind of movie that you're really watching every single word. On Tim Curry convincing her to read for 'Rocky Horror' and being afraid to sing 'Happy Birthday'Tim Curry, Barry Bostwick, and Susan Sarandon in "The Rocky Horror Picture Show." I know it looks like we had so much fun, but we really didn't hang out that much or do any of that. On her 'give and take' with Ridley Scott over the 'Thelma & Louise' scriptSusan Sarandon and Geena Davis in "Thelma & Louise." AdvertisementI think that's what you do with every project you go through, to just try to understand the whole.

Persons: Susan Sarandon, She's, Sarandon, Lou, who's, Sheryl Lee Ralph, Megan Mullally, Bette Midler, Billy Wilder, Bull Durham, Thelma, Louise, Ridley Scott, Tim Curry, Barry Bostwick, Michael Ochs, Tim Curry —, Tim, Janet, Nobody, it'll, Richard O'Brien, Kevin Costner, Ron Shelton's, Kevin, Costner, Robbins, Ron, wouldn't, It's, I've, Geena Davis, Ridley, I'm, Arnold Schwarzenegger, Mel Gibson Organizations: Business, SAG, WGA, Bull, Michael Ochs Archives, Hollywood Locations: Key West , Florida, Florida, Savannah, LA, London, Bull, Rome

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